Our Backyard – Aireys Inlet

Welcome to Aireys Inlet

As predicted by the vast majority of experts, the Reserve Bank board decided to leave the official cash rate at a record low of 2%, where it has been since May 2015.

Recent information suggests that the global economy is continuing to grow, though at a slightly and slower pace than earlier expected.  While several advanced economists have recorded improved growth over the past year, conditions have become more difficult for a number of emerging market economies.

At this weeks meeting the Board judged that there were reasonable prospects for continued growth in the economy, with inflation close to target.  The board therefore decided that the current setting of monetary policy remained appropriate.

A great result with this weeks sale of 8 Wright Street.  Sold within two weeks of listing.  Properties on the beach side of the Great Ocean Road remain in strong demand.  In fact there are only three houses currently for sale on the beachside under $700,000, arguably the most active price range.

Also another off market sale in Moggs Creek this week.  Sold before we even had the photographs taken!

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James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

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